USDJPY Technical Analysis – Rollercoaster day amid Japanese elections

2024-08-20

#usdjpy #forex #technicalanalysis

In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.

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Topics covered in the video:

0:00 Fundamental Outlook.
1:06 Technical Analysis with Optimal Entries.
2:52 Upcoming Economic Data.

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2024-06-17

The price of the USDCAD is above the 50% of the range since April at 1.3717. The price is above point area between 1.3734 and 1.3742

2024-06-14

Apple moved sharply higher this week and in doing so broke out of a range that had confined the pair since April 2023. What now? More specifically, what level- if broken – would shift the bias technicall back to the downside. I will outline those risks in the below video

2024-06-13

The 200-hour MA at 0.6162 and the high of a swing area are stalling the fall near 0.61625

2024-06-12

The 100 and 200 bar MAs on the 4-hour chart are being tested at session lows. Key barometer in the short term for buyers and sellers in the USDCAD today and going forward.

2024-06-11

The sellers had their shot yesterday below the 38.2% retracement of the move up from the April low at 0.6579. They missed. Buyers only rebound fell short of its 200-bar moving out on the 4-hour chart at 0.66154.

2024-06-10

Buyers responded. Will the sellers reenter on the bounce